New Delhi, Jan 24 (PTI) Shares of Dr Reddy's Laboratories on Friday declined nearly 7 per cent after the company's third quarter earnings failed to cheer investors.

The stock dropped 6.65 per cent to Rs 1,203.60 on the BSE.

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At the NSE, it tanked 6.66 per cent to Rs 1,203.50.

Dr Reddy's Laboratories on Thursday said its consolidated net profit increased 2 per cent to Rs 1,413 crore in the third quarter ended December 31, 2024.

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The Hyderabad-based drug major had reported a profit of Rs 1,379 crore for the October-December period of last fiscal.

Revenue increased to Rs 8,359 crore from Rs 7,215 crore a year ago, Dr Reddy's Laboratories said in a statement.

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